FX.co ★ Germany’s HICP Inflation Stalls in June, Holding at -0.2% MoM

Germany’s Harmonised Index of Consumer Prices (HICP) remained unchanged in June on a month-over-month basis, with the indicator holding at -0.2%. The latest reading for June 2026 matches the previous month’s outcome, which was also -0.2% compared with the month before.

The data, updated on 10 July 2026, indicate that price pressures in Germany showed no additional month-to-month movement in June. According to the comparison methodology, the current figure reflects the change in June relative to May, while the previous indicator captured the change in May relative to April. With both months recording the same negative rate, the data point to a continued, steady softening of consumer prices rather than a fresh acceleration or reversal in short-term inflation dynamics.